Currently viewing Global edition

Orion completes Dalradian takeover

Orion Mine Finance has completed its friendly takeover of dual-listed Dalradian Resources for C$537 million (US$408.4 million).
Orion completes Dalradian takeover Orion completes Dalradian takeover Orion completes Dalradian takeover Orion completes Dalradian takeover Orion completes Dalradian takeover

Dalradian's high-grade Curraghinalt gold project

Staff reporter

Dalradian said Friday all required approvals had been obtained and all required conditions met for the takeover announced in June.

Orion has acquired all issues and outstanding common shares for C1.47 each in cash, although certain members of Dalradian management, Sean Roosen and Osisko Gold Royalties, have kept their combined 20.4% stake.

The Dalradian shares are expected to be delisted from the Toronto Stock Exchange on September 10 and cancelled from trading on AIM by the morning of the same day.

On Friday, the last day of trading, Dalradian's shares rose 0.59% to 85p.